A Boeing 777X airplane taking off on Jan. 25.
Boeing said it lost money last year for the first time since 1997, according to its latest quarterly report.
Why it matters: The company is mired in the biggest crisis in its history. Costs stemming from the grounding and production halt of the 737 MAX, its best-selling plane, is weighing on Boeing’s financials.
President Trump speaking during a press conference on Aug. 8. Photo: Jim Watson/AFP via Getty Images
President Trump on Saturday signed four executive orders to provide relief from economic damage sustained during the coronavirus pandemic after talks between the White House and Democratic leadership collapsed Friday afternoon.
Why it matters: Because the Constitution gives Congress the power to appropriate federal spending, Trump has limited authority to act unilaterally — and risks a legal challenge if congressional Democrats believe he has overstepped.
Illustration: Sarah Grillo/Axios
Photo: Houssam Shbaro/Anadolu Agency via Getty Images
Beirut residents are still clearing rubble from streets that appear war-torn, days after a blast that shocked the country and horrified the world.
Why it matters: The explosion is likely to accelerate a painful cycle Lebanon was already living through — discontent, economic distress, and emigration.